Thursday, March 20, 2008

“Punish Sacramento”

California

Governor Schwarzenegger kicked off his latest road show this morning in Fresno, talking budget reform and striking a curious balance between defending elected officials and criticizing them. Armed with his now infamous budget charts showing the imbalance between state expenditures and revenue, Schwarzenegger promised a new push this year for a constitutional amendment to change the budget system.

That proposal was hinted at in his State of the State speech two months ago but remains more concept than concrete. What we do know is that it would create a new rainy day fund by constraining spending in robust times and would give the governor the option of unilaterally cutting some state spending if the Legislature fails to do so as needed.

READ MORE

No comments: